Important Notice for Sage Therapeutics Investors Post-Class Action

Author: Ryan Hughes Updated: 09-12-2024 05:57 AM

Understanding the Class Action Lawsuit for Sage Therapeutics

In recent times, there has been significant attention surrounding Sage Therapeutics, Inc. (NASDAQ: SAGE) and its ongoing class action lawsuit, something that affects shareholders and enthusiasts alike. It’s crucial to keep abreast of these developments to protect your investments effectively.

Class Action Details

Shareholders who acquired shares of SAGE during the designated class period are urged to reach out to legal representatives about the potential for lead plaintiff appointments. It's important to note that you do not need to hold this title to be eligible for any recovery from the lawsuit.

Class Period Overview

The class period set for this lawsuit spans from April 12, 2021, to July 23, 2024. This timeframe is vital as it determines eligibility for participation in the class action against Sage Therapeutics.

Key Allegations Against Sage Therapeutics

The lawsuit raises several crucial allegations regarding the company’s representations of its treatments. It suggests that statements made about Zuranolone, a neuroactive steroid aimed at treating postpartum depression, may have been misleading. Allegations include claims that the FDA might not approve Zuranolone for treating Major Depressive Disorder (MDD) in its current form and that the company overstated the drug's clinical results and commercial prospects.

Upcoming Deadlines for Shareholders

A note for all shareholders: the deadline for registering your information regarding this class action is clearly set for October 28, 2024. Acting swiftly can help safeguard your rights as an investor.

Next Steps to Take

Upon registering during the specified timeframe, shareholders will be enrolled in a portfolio monitoring system designed to keep you informed of the case's status. This initiative helps ensure that the interests of all participants are handled with care.

Understanding the Role of Gross Law Firm

The Gross Law Firm, well-respected and established, takes a firm stand in advocating for the rights of investors. Its mission revolves around defending individuals who have been misled due to fraudulent practices and false statements by companies. Their commitment to corporate accountability means investors can feel confident as they navigate this class action lawsuit.

Contact Information for Assistance

For those who may need to reach out for more information regarding the lawsuit, the contact details of the Gross Law Firm are provided below:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Phone: (646) 453-8903

Frequently Asked Questions

What is the purpose of the class action lawsuit?

The lawsuit aims to address alleged misleading statements and protect the interests of shareholders who invested in Sage Therapeutics during the specified class period.

Who can join the class action?

Shareholders who purchased shares of SAGE between April 12, 2021, and July 23, 2024, can register to participate in the class action lawsuit.

What happens if I miss the deadline?

Missing the October 28, 2024 deadline could prevent you from participating in any potential recovery from the lawsuit.

Is there any cost to participate in the lawsuit?

No, there is no cost or obligation to you to participate in the case.

How will I get updates on the case?

By registering, you will be enrolled in portfolio monitoring software that provides status updates throughout the life of the case.

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